The Options Workbook: Fundamental Spread Concepts and Strategies for Investors and Traders, 3rd Edition

Now in its third edition, The Options Workbook has been updated and reformatted in a larger, more convenient, and user-friendly design. Three all-new chapters explain key trading concepts-volatility, the collar, and the covered call-and show how these can be applied to mitigate risk and increase profits. What’s more, this fresh edition incorporates additional interactive content-exercises, hands-on tools, and lessons that complement the in-depth curriculum on ITI’s Web site, www.itichicago.com.

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

Perfect for a wall chart, 2008-08-25
Saliba describes each of his fundamental spread concepts and strategies in plain simple english, yet so concise, almost skeletal with such verve that I decided to construct a wall chart reflecting its contents.

The wall chart now sits proudly on my wall ( in the presence of 3 other wall charts ) and shows the 7 categories of option strategies - Synthetics, Insurance, Directional/Neutral, Directional, Either Direction, Non Directional and Volatility and their sub categories etc.

For this reason I think that Salibas book is perfect for the beginner.


0 of 0 people found the following review helpful:

Best basic option book I've yet !, 2008-07-04
Haven't been able to put it down.The questions after each chapter really help you make sure you get the info.I can't wait to finish the rest of the book.The author has a great way to simplify the information.


3 of 4 people found the following review helpful:

Options workbook for Dummies, 2007-09-25
I picked up this book in preparation for an interview I was having in the equity structured products desk at Morgan Stanley. Although I had taken a Financial Derivatives class at Wharton, this book helped explain the basics. It goes through all of the fundamental and basic strategies, as well as spreads. The value in the book is in doing the examples and working out the max gains, loses, break-evens etc. It seems basic but as you begin to put together more complex trades these exercises stay with you and guide your understanding. The book also does a decent job of explaining the Greeks and volatility. You won't come away ready to put on any overly complex trades, but you might be comfortable putting on your first call back spread knowing what your risk and reward profile is.


3 of 4 people found the following review helpful:

I was confused about options until I read this book, 2007-07-16
I am an amateur stocks and options trader. I have read, and continue to read, many books about the markets, about stocks, and about options. Options are more interesting to me than any other investing medium because of the ability to make quick gains and because of the innate limitation of losses. With so many options plays in existence, it's easy to get confused.

I picked up The Options Workbook and it cleared away much of the mystery of options investing. This book outlines the most common options plays including spread concepts, butterflies, condors, and many other trading techniques. It contains a primer that teaches about the Greeks, and about how to read the fundamentals on potential investments.

I didn't find a lot about chart reading technique n this book, but you can get that from other excellent books. Part of this book's strength is found in its quick charts that show, at a glance, exactly how to execute most options strategies for upward and downward moving markets. Since I have read this book, I have traded nothing but options and have grown my portfolio steadily. I'm no longer interested in buying stocks; they are simply too expensive and slow moving.

Hope this helps.

- Craig Nybo, co-author of Total Human: The Complete Strength Training System



11 of 11 people found the following review helpful:

Excellent learning book for technical option learning, 2006-07-08
This books explains most option constructions and how to calculate there potential profit. If you need to train yourself in spreads concepts, this training manual is for you. First the spread is explained and then some calculation examples are given. Don't expect a when to use these spreads manual. It's not there. This is a excellent book for training yourself in setting up all kind of option structures and know what the costs are and profits. Also all the Greeks are explained in detail, and the first manual that makes it understandable for me :-)

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